Avis Budget Group has announced that Unlimited Rewards, the company's loyalty program, has been selected as a Gold Magellan Award Winner by Travel Weekly.

This marks the fourth consecutive year that Avis Budget’s Unlimited Rewards program has earned gold.

The Magellan Awards honor the travel industry and salute travel professionals behind it all. Winners are chosen by a panel of travel experts.

"This award exemplifies our continued commitment to delivering world-class products and services," said Tom Villani, vice president, global travel and partnerships, Avis Budget Group. "We are honored to once again receive this highly-coveted distinction."

Since its creation in 1997, the Unlimited Rewards program has established itself as an innovator in this category with more than a dozen travel brands through which dollar rewards can be earned, according to Avis Budget. Members earn rewards on Avis and Budget business and leisure car rental transactions in North America, Latin America, the Caribbean, Australia, and New Zealand.

Members also earn rewards for completed bookings through the Carey International portfolio of transportation services, including Carey and Embarque, as well as Hilton hotel brands and properties around the globe. On a monthly basis, dollar rewards are loaded onto a Unlimited Rewards prepaid debit card that agents can use to make purchases anywhere the card is accepted, according to the company.